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CNBC
Nov 15, 2012 12:00pm EST
simple. right now we're at 24% of gdp in terms of spending. talks are at 15%. paul ryan called for spending -- >> the problem julian -- >> let me finish the point, if i may, sara. paul ryan called for 20% of gdp. you can't close the gap even if you use the republican's budget figures, you can't close the gap without some kind of revenue and you can't get the revenue simply by closing loopholes. >> i don't think that's true. i think the bigger challenge here is the math doesn't work for the president either. he's talking about a $1.6 trillion revenue rate. even if you raise the rates. even if you close some deductions, you don't get there. so the little secret here is that the taxes are going up not just on rich people, they're going up on everybody. i think intuitively the american people know that. here's where i really disagree with julian. on the president's legacy. you say the president is in the driver's seat. perhaps that's true, but i think more likely having worked in the white house, what happens when these folks are re-elected is they immediately think about their legacy.
CNBC
Nov 14, 2012 5:00pm EST
stood strong for the things that we believe in. i'm especially proud of our colleague paul ryan that took the charge across the nation. >> we have been listening to a house press conference. house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the president to do the same. >> the president didn't say much. the president was very vague. he didn't say anything about spending cuts and didn't talk about entitlements but just about doubling up the tax bigs. that sounds like a guy who is digging in. it doesn't sound constructive on a day when i thought the president was very aggressive and his tone did not send one conciliatory feel. >> sounds like stalemate. >> that's digging in your heels. i don't think that is particularly market bullish. >> not given the action we saw today. >> thanks for stopping by. it is time to set the record straight when it comes to net flex. h
CNBC
Nov 16, 2012 3:00pm EST
ranting is not news. the proposal that he put together and that people like paul ryan rejected back in 2010 would take taxes as a percentage of gdp from 18.5% during full employment, the average over the last 30 years, to 21%. that's a 2.5% of gdp tax increase or $5 trillion tax increase over the next decade. he tends not to mention that. add to that $1 trillion in limiting deductions -- >> okay, you're deep in the weeds here, grover. first of all, did alan simpson really leave a message on your voicemail? >> oh, several. rambling and long and inane. yes. >> all right. now, even john boehner and mitch mcconnell came out of that meeting in the white house and used the word revenue. it's on want table. they are acknowledging they will raise revenue. the only way i know to raise revenue is to raise taxes. i mean, does it sound to you like there's going to be a tax increase after all? >> no. if you remember, the comment that boehner and mitch mcconnell have made is they want revenue from economic growth. the best way to get revenue for the federal government is to grow the economy faster r
CNBC
Nov 12, 2012 1:00pm EST
gains are taxed as ordinary income. domenchi-rivlin, cap gains. we assume what paul ryan wants to do is keep those at the rates where they are now. but in talking to republican lobbyist types around town, wall street lobbyist types around town they are betting the capital gains rate will go up at some point in this fiscal cliff negotiation somewhere to the range of 20%, 22%, even 25%. he think they sort of an inevitable outcome here as washington is looking for new sources of revenue. that's one thing to focus on here between now and the end of the year. >>> we have 49 days until that deadline. america's economy literally being held hostage, many say, by washington and as the clock ticks down we're holding lawmakers' feet to the fire. congresswoman allison schwartz represents the 13th district of pennsylvania and she is on the budget committee and the foreign affairs committee in the house. miss schwartz, thank you for joining us. congratulations on your re-election. >> thank you. >> let's go to the question that eamon just raised about capital gains. obviously of key interest to our
CNBC
Nov 15, 2012 6:00am EST
rate of increase, even paul ryan's was going to grow spending at 3% or so a year. >> what would you cut, wilbur? >> hmm? >> what would you not slow but cut? >> you have to deal with medical, for example, talking about the reform in health care is a joke if you don't deal with medical malpractice. there's been no talk about that at all on either side of the aisle. that's a joke that leads to overtesting, too expensive insurance policies. malpractice is not inherent in providing universal health care. >> a couple of points. first of all, wilbur raised the bar by the way, if you're talk being not just slowing the rate of growth of spending but cutting spending that makes the solution a lot harder. i'm not saying you're wrong. i happen to disagree with you. >> i didn't say we should cut actual spending. i said that the verbiage about it is wrong because we're not cutting spend willing. we' we'readjusting the rate of growth. >> we haven't talked about the fact that everybody up there in washington agrees with 98% of the tax policy that should reset which is of course the middle class, an
CNBC
Nov 8, 2012 6:00am EST
this morning, a political story about the role of paul ryan in all of this and whether he will be able to work with boehner on this and whether he has to take a hard position against boehner. >> and whether eric cantor will go along with whatever plan boehner puts out. >> i think it will be tough sledding. >> i still think it would be easier to sell a one year, you know, and then do bigger tax reform. do one year, everybody can agree on that. >> we're not getting a solution. if the democrats have r. so convinced about below 250, you can still have an argument about whether it's a good idea up there in a recession to raise taxes. >> it's the idea of closing loopholes and finding a way to raise revenue so is you can say, yes, we are raising revenue by doing this. >> the other thing i kept hearing was this idea of maybe going from 250 up to a million bucks. and whether that would change the conversation. >> it probably would. >> conservatives didn't farewell and there's a lot of hammering. but here's one who speaks for some conservatives. he's saying we do not accept bipartisanship i
CNBC
Nov 14, 2012 6:00am EST
saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan said. the house was re-elected. so people re-elected those people in the house for a reason. it's a nonstarter. it's not going to happen. it's not going to be 1.6 billion. 1.6 trillion. to get to four trillion, that would be 2.4. so we said that. he'll go not 3-1 like simpson bowles. he's go one and a half to one. >> that's not going to happen either. >> but what bothers me -- >> the problem is nothing is going to happen. >> what bothers me is i do think you can get to a point where you raise taxes too much and you don't cut spending enough, where you're just funding entitlements by raising taxes and you don't do anything about it. if he had his way, i really think he would do that. i still don't think he gets it. >> when you hear people who are saying things like that, my guess is if you had boehner and president obama sit down in a room together, they could probably come up with an approach. >> we'll see. you don't have your button. >> i do. >> i'll just make one point. >> what's that? >> if
CNBC
Nov 16, 2012 9:00am EST
carl's question, you and i talked in the summer right after mitt romney had selected paul ryan as his vice presidential running mate and ryan proposed farther reaching proposals in medicare than democrats were willing to support. what do you think is the effect of the candidacy on where we pick up the negotiations now? >> i don't think it's had much effect. really. other than really extreme proposal that congressman ryan had in his first budget has been pretty much rejected by even his own party. i don't think anybody is going to accept shredding medicare in order to get an agreement. that cannot be the answer. >> senator, one last question here. the dow is up 30 points. when these negotiations began, they were down 40, 50 points. pelosi makes a point of potentially creating a method to create to the market how negotiations are going without negotiating in public. is there a way to do that between now and year end? >> yeah. that's to get a result. you know? at the end of the day, what really has to happen is that we agree on a down payment, something that would be put in place rig
CNBC
Nov 9, 2012 6:00am EST
is close to paul ryan. he's one of those 100. if paul ryan wants to run for president in 2016 -- >> they're talking about jeb bush and chris christie and marco rubio. >> but he has a big future in politics in the republican party. >> i haven't seen paul ryan in four or five months. >> anyway, all i'm suggesting is -- >> has he been around? i thought he left the country. >> they will remember. >> i won't take cheap shots. >> you think he's in the witness protection program? >> i'm not going to take a cheap shot. he has not come on on the show and he was on a lot. so i won't take a cheap shot. he hasn't been training for the marathon. that was going to be my cheap shot that i wasn't going to take, but he has not been on this show until though he used to come on all the time. >> was it a cheap shot? >> yeah. >> probably was. anyway, of course he's one of the 100. there's a the lot of guys in there that -- i know plouffe says it was a clear vote by americans that they want taxes raised. there are a lot of thins that went into that election. and i think the exit polls was at like 4
CNBC
Nov 13, 2012 6:00am EST
friday. i like the "new york times." democrats like a romney idea. >> did you see paul ryan's comment? >> no. but i got my button back on because i'm -- i'm going to tell that you rise above is kind of like a rorschach thing. because for me, rise above means democrats rising above the obsession with rates and realizing broadening the bates is better -- >> it means coming together. >> that is a way of coming together. you're raising revenue. your only way is if the republicans say yes -- >> no, that is not true. my way is anyway you come up with an agreement is a great way. you're only looking from one side of the aisle. >> but they'll never agree to raising rates about sfw. >> i will give you that it is a error sha rorschach test, but i want you to actually cut some things and i want you to deal with expenditures. >> you have the same house that said no to 39.6 on the high he said. but a way of raising revenue will spur growth -- they're coming around to the correct version right here. >> what about the idea democrats say we will take on the social issues, we will take on makinging su
Search Results 0 to 9 of about 10